SPRX vs VYM
Spear Alpha ETF vs Vanguard High Dividend Yield ETF
Which is better, SPRX or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 65.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPRX | VYM |
|---|---|---|
| Expense Ratio | 0.75% | 0.04%Best |
| AUM | $206M | $81.6B |
| Dividend Yield | 0.00% | 2.22% |
| Holdings | 28 | 613 |
| YTD Return | +14.21%Best | +11.35% |
| 1Y Return | +17.11%Best | +15.34% |
| 3Y Return (annualized) | +37.47%Best | +17.22% |
| 5Y Return (annualized) | +18.10%Best | +12.30% |
| Volatility (annualized) | 38.8% | 13.8%Best |
| Max Drawdown | -51.2% | -15.8%Best |
| $10,000 over 5 years | $22,975Best | $17,861 |
| Top 10 Weight | 65.6% | 26.1%Best |
| Fund Family | Spear | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Aug 3, 2021 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Aug 4, 2021 to Sep 18, 2026 (5.1 years).
SPRX vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
SPRX vs VYM Performance
Spear Alpha ETF (SPRX) is an ETF from Spear and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPRX returned +17.11% while VYM returned +15.34%. Year to date, SPRX is up 14.21% versus a gain of 11.35% for VYM.
Over three years, SPRX compounded at +37.47% per year against +17.22% for VYM; over five years the annualized figures are +18.10% and +12.30% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPRX has been the more volatile fund, with annualized monthly volatility of 38.8% compared with 13.8% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.2% for SPRX and -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.30. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPRX charges 0.75% per year while VYM charges 0.04%. On a $10,000 position that is $75 vs $4 annually, a gap of $71 per year that compounds over a long holding period. On income, SPRX currently yields 0.00% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 31 holdings in SPRX and 557 in VYM, totalling 100.1% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 31 positions we hold weights for in SPRX and 557 in VYM, against full books of 28 and 613.
What only one of them owns
Our book lists 528 positions for VYM that do not appear in our book for SPRX (97.1% of the fund), and 26 for SPRX that do not appear in VYM (86.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPRX and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPRX or VYM?
SPRX has an expense ratio of 0.75% while VYM charges 0.04%. VYM is the cheaper option, by $71 a year on a $10,000 investment.
Which performed better, SPRX or VYM?
Over the past year SPRX returned +17.11% vs +15.34% for VYM, so SPRX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPRX or VYM?
SPRX has been the more volatile fund at 38.8% annualized versus 13.8% for VYM. Worst drawdown: SPRX -51.2% vs VYM -15.8%.
Should I hold both SPRX and VYM?
SPRX and VYM have a monthly-return correlation of 0.30, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPRX or VYM?
SPRX yields 0.00% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPRX?
VYM has a lower expense ratio. SPRX led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 65.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.